Thomas E. Zelibor - Jan 18, 2022 Form 4 Insider Report for Lightwave Logic, Inc. (LWLG)

Role: Chair of Board of Directors, Director
Signature: /s/ James S. Marcelli, Attorney-in-fact for Thomas E. Zelibor
Stock symbol: LWLG
Transactions as of: Jan 18, 2022
Transactions value $: $0
Form type: 4
Date filed: 1/20/2022, 04:08 PM
Previous filing: Dec 29, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	LWLG	Common Stock	Award	$0	+7.77K	+4.85%	$0.00	168K	Jan 18, 2022	Direct	F1
holding	LWLG	Common Stock						400	Jan 18, 2022	By Spouse

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	LWLG	Employee Stock Option (Right to Buy)	Award	$0	+50K	+4.46%	$0.00	1.17M	Jan 18, 2022	Common Stock	50K	$9.65	Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents a restricted stock award pursuant to the Company's 2016 Equity Incentive Plan, which vests in 3 equal annual installments over 3 years, with first installment vesting December 31, 2022, subject to continued service with the Company through the applicable vesting dates. This award is subject to forfeiture.
F2	Represents an option award pursuant to the Company's 2016 Equity Incentive Plan, which vests in 12 equal monthly installments over a period of 12 months, with first installment vesting January 31, 2022, subject to continued service with the Company through the applicable vesting dates. This award is subject to forfeiture.